Phosphate Fertilizer Daily Review: Spring plowing smoothly follows up and the market trading atmosphere improves (March 14)

Monoammonium phosphate price index:

According to Feiduo data, on March 14, the 55% powder index of China's monoammonium phosphate was 3,113.75, down; the 55% particle index was 3,150.00, stable; and the 58% powder index was 3,433.33, stable.

Monoammonium phosphate market analysis and forecast:

The market price of monoammonium phosphate in China dropped slightly today. In terms of factories, manufacturers have received sufficient orders in advance and continue to execute them. The current quotation is stable and market transactions are negotiated. In terms of the market, the market is operating calmly, the trading performance of operators is average, and the focus of market transactions is stable and consolidated downward in a narrow range. On the demand side, we are currently in the peak spring plowing season, and the atmosphere for agricultural goods is good. The procurement of downstream compound fertilizer raw materials remains in need of replenishment, and demand needs to continue to increase. In terms of raw materials, the prices of raw materials sulfur and phosphate rock consolidated slightly, the price of synthetic ammonia fell, and the cost trend moved downward. On the whole, the downstream monoammonium phosphate is just in need of making up orders, and the market conditions are stable and narrow, with little change. It is expected that the market price of monoammonium phosphate will consolidate in a short period of time.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on March 14, the 64% particle index of China's mainstream diammonium phosphate was 3,855.00, stable; the 60% brown index was 3,450.00, stable; and the 57% content index was 3,527.50, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China continues to hold steady. In terms of factories, manufacturers continue to implement advance orders and will be ready until mid-April. The current quotation is stable and no price adjustment has yet been made. The actual transaction is still mainly negotiated. In terms of the market, the market transaction atmosphere is improving, the supply of goods is still tight, and the market situation is stable and consolidated in a short period of time. On the demand side, the spring plowing market is advancing steadily, downstream purchases are just in need and are being followed up one after another, and there is still demand in the future. In terms of raw materials, the prices of raw materials sulfur and phosphate rock continue to consolidate, the prices of synthetic ammonia are consolidated downward, and raw material support is weakening. On the whole, the current spring plowing in the diammonium market is progressing steadily and the market trading atmosphere is improving. It is expected that the market price of diammonium phosphate will continue to be stable and upward in a short period of time.

Specific market prices in each region are as follows: